Taiwan’s China Steel to Ask for Iron Ore Delivery Delays
Investing News Network - November 18th, 2011
Reuters reported China Steel (TPE:2002) plans to ask miners BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) to delay iron ore.
Reuters reported China Steel (TPE:2002) plans to ask miners BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) to delay iron ore.
As quoted in the market news:
Sluggish demand has forced steelmakers across Asia to curb production, although China Steel may be among the first to have sought a delay in raw material shipments.